Imagine that you do everything you can to avoid overdrafting your bank account, only to find that your bank has gone ahead and pushed you into the red — and that it doesn’t really care. [More]
deposit
![Mike Mozart](../../consumermediallc.files.wordpress.com/2016/10/13754546595_15bae32e68_k.jpg?w=300&h=225&crop=1)
My Bank Overdrafted My Account By Putting Two Holds On One Deposit; Doesn’t Care
![How to Minimize CD Early Withdrawal Penalties](../../consumermediallc.files.wordpress.com/2012/06/3653019636_3a6f70e01e.jpg?w=157&h=104&crop=1)
How to Minimize CD Early Withdrawal Penalties
Ten years ago, opening a certificate of deposit required $5,000 and an hour at the bank. Today, you only need $1 and five minutes. Take advantage of that to help minimize early withdrawal penalties on CDs.
![CD Rates May Not Be Honored in Bank Failure](../../consumermediallc.files.wordpress.com/2012/06/2867142407_377842af15_m1.jpg?w=117&h=157&crop=1)
CD Rates May Not Be Honored in Bank Failure
If you wanted to close your certificate of deposit early, you’d pay a penalty. Unless your CD were callable, your bank can’t close it early with one exception. Fortunately, it’s an exception all banks loathe.